PNC Infratech was trading higher today, rising 1.35% to Rs. 210.20 on the BSE, after opening at Rs. 210.05 versus the previous close of Rs. 207.40. The stock moved in the range of Rs. 209.00–212.85 in early trade.

The uptick came after the company said it has received a Letter of Acceptance from the Lucknow Development Authority for an EPC project worth Rs. 194.40 crore (excluding GST). The scope includes construction of a four-lane flyover along with two loops and two ramps at the Shaheed Path intersection on the right-hand-side bank of the Gomti River in Lucknow.

The contract is to be executed over 24 months, providing incremental revenue visibility over FY27–FY28. While the ticket size is relatively modest for a listed EPC player, the award underlines continued ordering from urban local bodies and state authorities, a segment that is increasingly important as execution and tendering broaden beyond highway-heavy pipelines.

PNC Infratech is an infrastructure construction company with capabilities across roads, highways and other civil construction, executing projects primarily on EPC and related formats.